By Yra B. Sibug, Chief Statistical Specialist, PSA-Rizal

The economy of Rizal posted a growth of 6.7 percent in 2022, an acceleration from the 3.2 percent growth in 2021. The Gross Domestic Product (GDP) of the province was valued at ₱340.63 billion in 2022, higher compared to ₱319.14 billion in 2021. (Figure 1)

Among the 16 production industries, accommodation and food service activities showed the fastest growth with 22.3 percent, followed by other services, with 17.8 percent, and mining and quarrying with 15.0 percent. (Figure 2)

In terms of share, the combined contributions of wholesale and retail trade; repair of motor vehicles and motorcycles and manufacturing accounted for nearly half of the province’s economy in 2022. (Figure 3)

The province of Rizal was the fourth largest economy among the six economies in CALABARZON in 2022. It accounted for 11.6 percent of the ₱2.94 trillion region’s Gross Domestic Product (GDP) in 2022. (Figure 4)

The Philippine Statistics Authority (PSA) established through Republic Act No. 10625, otherwise known as the Philippine Statistical Act of 2013, is tasked, among others, to compile and maintain macroeconomic accounts and indicators, at the national and subnational levels.

The Provincial Product Accounts or PPA has been the mechanism of the PSA to compile the annual estimates of Gross Domestic Product by province/HUC, consistent with the Regional and National Accounts of the Philippines. In 2023, all provinces and HUCs of CALABARZON continue to implement the PPA since its inception in 2022, together with other pilot regions. As of 2023, there are a total of 82 provinces and 17 HUCs compiling the PPA.

Full data series, charts, and data visuals of PPA CALABARZON can be accessed at the PPA landing page of the PSA (psa.gov.ph/statistics/ppa), and the PSA Regional website (rsso4a.psa.gov.ph/statistics/ppa).